California Insurance Code
§ 10508
INS § 10508 Effective Jan 1, 2004Div. 2 · Part 2 · Ch. 5 · Art. 7
Statute text
View on leginfo.ca.gov(a)It is the obligation of every insurer admitted in this state to transact life or disability insurance, or both, to maintain certain records specified in this article pertaining to the activities of its life, life and disability, and disability agents and any other agents for the inspection and examination of the commissioner.
(b)The original or certified copies of the records shall be delivered to the commissioner within a period of 30 days following receipt of written demand therefor.
(c)The records required to be maintained or made available in this state may be in the form of originals, carbon, or facsimile copies, microfilm copies, or electronic data-processing records if printouts are available within a reasonable period of time, and shall include, to the extent the data are pertinent and available for each insurance transaction, the names, dates, amounts and policy numbers involved. The records are composed of all of the following:
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Legislative history
Amended by Stats. 2003, Ch. 166, Sec. 1. Effective January 1, 2004.